North West Gets a Hold Rating from RBC Capital

By Carrie Williams

In a new note to investors today, an analyst has provided a rating update for the Services sector company, North West (TSX: NWC). The company received a Hold rating from RBC Capital’s analyst Sabahat Khan, with a C$32 price target.

According to TipRanks.com, Khan is ranked #1610 out of 4574 analysts.

Currently, the analyst consensus on North West is Moderate Buy and the average price target is C$34, representing a 3.4% upside.

In a report released today, BMO Capital also reiterated a Hold rating on the stock with a C$34 price target.

North West’s market cap is currently C$1.53B and has a P/E ratio of 19.8.

The North West Co., Inc. is a retailer to underserved rural communities and urban neighborhood markets in the following regions: Northern Canada, Western Canada, rural Alaska, the South Pacific islands and the Caribbean. Its stores offer products and services on food. The company deliver its products and services through the retail banners and wholesale businesses, in two reporting segments: Canadian Operations and International Operations. The International segment consists of wholly owned subsidiaries operating in the continental United States, Caribbean, and South Pacific. The North West was founded in 1779 and is headquartered in Winnipeg, Canada.

The company’s shares closed last Thursday at $32.88, close to its 52-week high of $33.74.